Sable follows float train
Junior explorer Sable Resources (SAE-V) has identified a new gold-bearing vein on its Chappelle property in the Toodoggone area of north-central British Columbia.The Beck vein is 5 ft. wide and has be…
News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold drops, nickel leadsrally in base metals
The Oct. 13-19 report period saw a third week of declines in the gold price, with the yellow metal diving US$10.75 to US$309.75 per oz. on the London morning fix of Oct. 20.Though gold’s weakness took…
Franco-Nevada plans Ken Snyder expansion
The recent upward spike in gold prices has prompted Franco-Nevada Mining (FN-T) to draw up plans to boost production at its new Ken Snyder gold mine in northern Nevada.To boost mill throughput to 1,00…
Union rejects Goldcorp offer
Workers at the Red Lake mine in northern Ontario have rejected Goldcorp’s (G-T) latest offer, prolonging a strike that is now in its third year.The company had offered a termination provision, includi…
Hedge books worry Ashanti, Cambior
The well-publicized troubles of Ashanti Goldfields (ASL-N), whose hedge book reached a negative paper value of US$450 million early this month, appear to be easing as the potential loss shrinks. Ashan…
Hatch funds U of T chair
Toronto-based consulting firm Hatch has donated $1 million to the University of Toronto to create management programs for the communications and technology industries.The Hatch Chair in Technology and…
Dynacor increases Acari production
Dynacor Mines (DYN-M) has responded to improved gold prices by increasing production at the Acari mine in Peru.The company can increase its interest to 80% from 70% by spending US$263,788. During the …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Western markets slide along with bigger brothers
The merging of the Vancouver and Alberta Stock Exchanges into the Canadian Venture Exchange (CDNX) is set for Nov. 29 and will include nearly 2,500 listings from the ASE and VSE. Listings from the Mon…
Eldorado tables estimate for Kisladag gold project
With its 1999 drill program now complete, Eldorado Gold (ELD-T) has tabled an initial resource calculation for its wholly owned Kisladag project in western Turkey.The measured and indicated resource i…
TVX revises study
Undaunted by environmental and ownership issues, TVX Gold (TVX-T) has completed a revised bankable feasibility study for its Olympias polymetallic project on the Kasandra property in Greece.Olympias, …
Wheaton River soars to new heights in latest quarter
Wheaton River Minerals (WRM-T) has returned to profitability following a sluggish start at the beginning of the year.For the nine months ended Sept. 30, the junior miner earned a record $8.4 million (…
ODDS ‘N’ SODS: Mastering metallurgy
A great deal has been written about mining exploration and operations, but little about the metallurgy of deposits. The silent partner at mines is often the metallurgist, whose business has sometimes …